Top 5 Home Loan Rates — November 2020
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Top 5 Home Loan Rates — November 2020

Katie Douglass

Katie Douglass

26/03/2021 • 7 minute read

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At the start of this month, the Reserve Bank of Australia (RBA) slashed the cash rate to a historic low of 0.10%. This was great news for first home buyers and homeowners as it meant cheaper interest rates on home loans.

With interest rates at an all-time low and the First Home Loan Deposit Scheme (FHLDS) introduced this year, the dream of owning a home is now one step closer to reality for many Aussies.

And it comes at a time when Aussies are feeling more optimistic about the property market since the COVID-19 pandemic hit. According to ME Bank’s latest Quarterly Property Sentiment Report, a survey of 1,000 Australians found 55% of property owners or buyers feel more confident about buying or selling property since COVID-19 restrictions have eased.

It also found that two-thirds (69%) of property owners and buyers suggested that ‘record-low interest rates have made buying or investing in property more attractive to them’.

To make your house-hunting search easier, we’ve compiled the top five home loan rates for November 2020.

Top 5 Home Loan Rates for November 2020:

Please note, the information shown in the following table reflects the current rates offered by financial providers. Products are ranked by lowest interest rate as of November 2020. Ensure you check upfront with your loan provider to further understand if their product meets your needs.

HSBC – Fixed Rate Home Loan

1.88%
Advertised rate p.a
2.98%
Comparison rate p.a

More details

HSBC’s 2 year fixed rate home loan allows you to lock in a fixed interest rate for your loan.

more information +
less information –

Suncorp – Fixed Rate Home Loan

1.89%
Advertised rate p.a
2.94%
Comparison rate p.a

More details

Suncorp’s fixed rate home loan is available for up to 5 years and allows you to make additional repayments of up to $500 p/month.

more information +
less information –

UBank – ‘UHomeLoan’

1.95%
Advertised rate p.a
2.36%
Comparison rate p.a

More details

UBank is an Australian direct bank, that operates as a division of National Australia Bank. These rates apply to their 3 year fixed home loan product.

more information +
less information –

loans.com.au – Smart Booster Home Loan

1.99%
Advertised rate p.a
2.47%
Comparison rate p.a

More details

loans.com.au are a 100% online home loan provider. Their Smart Booster product is a variable rate home loan with no monthly or ongoing fees and unlimited redraws.

more information +
less information –

Athena – Celebrate Variable Home Loan

2.19%
Advertised rate p.a
2.19%
Comparison rate p.a

More details

Athena is radically changing mortgages so you own your home sooner. Athena can get you a better home loan, and help you get rid of it!

more information +
less information –

Provider
Advertised rate p.a.
Comparison rate p.a.
Application Link
HSBC – Fixed Rate Home Loan
1.88%
2.98%

HSBC’s 2 year fixed rate home loan allows you to lock in a fixed interest rate for your loan.

more information +
less information –
Suncorp – Fixed Rate Home Loan
1.89%
2.94%

Suncorp’s fixed rate home loan is available for up to 5 years and allows you to make additional repayments of up to $500 p/month.

more information +
less information –
UBank – ‘UHomeLoan’
1.95%
2.36%

UBank is an Australian direct bank, that operates as a division of National Australia Bank. These rates apply to their 3 year fixed home loan product.

more information +
less information –
loans.com.au – Smart Booster Home Loan
1.99%
2.47%

loans.com.au are a 100% online home loan provider. Their Smart Booster product is a variable rate home loan with no monthly or ongoing fees and unlimited redraws.

more information +
less information –
Athena – Celebrate Variable Home Loan
2.19%
2.19%

Athena is radically changing mortgages so you own your home sooner. Athena can get you a better home loan, and help you get rid of it!

more information +
less information –

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. All loans are subject to assessment and lending rules. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. This list has been compiled through our own research as of November 2020. For more information on the providers listed, please refer to their website.

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Katie Douglass

Written by Katie Douglass

Katie Douglass is the Communications Manager at Oiyo and a writer. In recent years, Katie's work has appeared in publications such as Marie Claire, InStyle, and THE ICONIC. She has a Bachelor of Creative Industries in Fashion Communication & Journalism from the Queensland University of Technology. At Oiyo, Katie is responsible for overseeing editorial strategy.

More about Katie Douglass

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